REG-TotalEnergies SE TotalEnergies, Masdar and EPointZero Sign Framework for Action to Drive Clean Energy Access in Africa and Asia

TotalEnergies SEAnnouncement

18/02/2025 07:00

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TotalEnergies, Masdar and EPointZero Sign Framework for Action to Drive Clean
Energy Access in Africa and Asia


 * Strategic partnership is a result of closer ties between UAE and France forged
in the UAE-France High-Level Business Council, and follows the landmark
signing of the UAE-France Framework for Cooperation in Artificial
Intelligence.

 * Masdar and TotalEnergies will strengthen their cooperation to provide reliable
and sustainable electricity to support Africa’s energy systems
transformation and to develop clean energy opportunities in Southeast Asia.

 * EPointZero and TotalEnergies to concentrate on partnership opportunities
supporting India’s clean energy ambitions in solar, wind and energy storage.

 

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy
leader, TotalEnergies and EPointZero, the decarbonization arm of 2PointZero, a
transformational global investment platform, have signed a Framework for
Action (FFA) agreement to drive access to clean energy in emerging markets and
developing economies in Africa and Asia.

The agreement follows the UAE President His Highness Sheikh Mohamed bin Zayed
Al Nahyan’s visit to France and meeting with French President His Excellency
Emmanuel Macron, where they reaffirmed the strong strategic partnership
between the two countries and discussed developing collaboration in key
sectors such as climate action, energy, artificial intelligence and advanced
technology.

Under the agreement, Masdar and TotalEnergies will strengthen their
cooperation to provide reliable and sustainable electricity to local
communities in Africa and support its long-term energy systems transformation,
and to jointly develop some new clean energy opportunities in Southeast Asia.
TotalEnergies and EPointZero will explore partnership opportunities to support
India’s clean energy ambitions, including through solar, wind and energy
storage, to contribute to the country’s decarbonization efforts.

The FFA signing was witnessed by H.E. Dr. Sultan Al Jaber, UAE Minister of
Industry and Advanced Technology, Chairman of Masdar, Patrick Pouyanné,
Chairman and CEO of TotalEnergies, and H.E Mariam Almheiri, Group CEO of
2PointZero. The agreement was signed at the third plenary meeting of the
UAE-France High Level Business Council in Paris on February 16 by Masdar’s
Chief Executive Officer, Mohamed Jameel Al Ramahi, Stéphane Michel,
TotalEnergies President for Gas Renewable and Power, and Peter Abraam, Chief
Strategy and Growth Officer of IHC.

The FFA brings together these major companies under the Council’s umbrella
to work together to expand their capabilities and increase access to clean
energy in emerging markets and developing economies in Africa and Asia.

Commenting on the agreement, Mohamed Jameel Al Ramahi, CEO, Masdar, said:
“Enabled by the strength of the UAE-France bilateral relationship, Masdar is
proud to be working with TotalEnergies to help deliver clean energy access
across Southeast Asia and Africa. This agreement reflects our shared
commitment to empowering local communities, driving socio-economic growth and
sustainable progress, and advancing the global energy transformation. It is
heartening to see the UAE-France Framework for Cooperation in Artificial
Intelligence signed last week, and we look forward to continuing to utilize
cutting-edge clean energy technologies to drive access and sustainable
growth.”

Stéphane Michel, President for Gas Renewable and Power of TotalEnergies,
said: “By supporting the development of the country Oil and Gas reserves,
TotalEnergies has been a key partner of Abu Dhabi for more than 80 Years. We
are now delighted to extend our partnership with Abu Dhabi to the development
of renewable energies in emerging markets in Asia and Africa. Combining the
strengths, expertise and reach of Masdar, EPointZero and TotalEnergies will
certainly enable each partner to accelerate their growth and improve the
quality of their investment in those fast-developing markets where renewable
energies are key to those countries Energy Transition.”

H.E. Mariam Almheiri Group CEO of 2PointZero, said: “This partnership
deepens UAE-France ties and advances our shared commitment to advancing the
global energy transition. By combining the expertise of Masdar, TotalEnergies,
and EPointZero, we are expanding clean energy access in emerging markets,
accelerating decarbonization, and driving economic growth. Our collaboration
across India, Africa, and Asia will scale up renewables and energy storage,
ensuring reliable, sustainable power for millions. Together, we are building a
cleaner, more resilient world."

The UAE-France High Level Business Council was launched in July 2022 in the
presence of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and
Emmanuel Macron, President of the French Republic, with the aim of promoting
economic exchanges and conveying the voice of UAE and French businesses to the
highest public authorities, as well as to identify and implement private
cross-investment projects.

The Council held its first plenary meeting in January 2023 and serves as an
important catalyst for innovation and collaboration, reinforcing the UAE and
France’s joint commitment to a sustainable, low-carbon future. The two
nations have maintained a Comprehensive Strategic Energy Partnership since
2022 and launched the UAE-France Bilateral Climate Investment Platform last
year.

***

About Masdar

Masdar (Abu Dhabi Future Energy Company) is one of the world’s
fastest-growing renewable energy companies. As a global clean energy leader,
Masdar is advancing the development and deployment of solar, wind, geothermal,
battery storage and green hydrogen technologies to accelerate the energy
transformation and help the world meet its net-zero ambitions. Established in
2006, Masdar has developed and invested in projects in over 40 countries with
a combined capacity of 51 gigawatts (GW), providing affordable clean energy
access to those who need it most and helping to power a more sustainable
future.

Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a
renewable energy portfolio capacity of 100GW by 2030 while aiming to be a
leading producer of green hydrogen by the same year.

About 2PointZero

2PointZero, a subsidiary of IHC (International Holding Company), was founded
in 2023 as a transformational investment platform focused on making strategic
investments in emerging technologies and future-sustaining businesses to
create a globally diversified and resilient portfolio.

2PointZero brings together a suite of innovative and established UAE
subsidiaries, including Chimera Investments, Lunate Capital, Beltone, Sagasse,
EPointZero and International Resources Holding (IRH) under one
transformational umbrella, placing 2PointZero at the forefront of key sectors
including financial services, consumer goods, mining resources, technology and
energy. Our Dynamic Value Network is sector agnostic, allowing it to connect
capabilities across our portfolio to unlock new pathways for growth and create
measurable value for investors while empowering communities, fostering
sustainable ecosystems, and driving groundbreaking technological advancements.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to provide as many
people as possible with energy that is more reliable, more affordable and more
sustainable. Active in about 120 countries, TotalEnergies places
sustainability at the heart of its strategy, its projects and its operations.

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Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Universal Registration Document, the French-language version of which
is filed by TotalEnergies SE with the French securities regulator Autorité
des Marchés Financiers (AMF), and in the Form 20-F filed with the United
States Securities and Exchange Commission (SEC).

Masdar Contacts 

For media inquiries, please contact: press@masdar.ae 
(mailto:press@masdar.ae) 
For more information, please visit: https://www.masdar.ae
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and connect: facebook.com/Masdar.ae and twitter.com/Masdar

2PointZero Contacts 

For media inquiries, please contact: press@2pointzero.com 
(mailto:press@2pointzero.com) 
For more information, please visit: http://www.2PointZero.com
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TotalEnergies Contacts 

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